The Crude Oil Refiners Association of Nigeria has called for the reinvestment of oil windfall revenues to strengthen local refining capacity, warning that domestic refining has become a strategic necessity for the country.
In a statement by the association’s spokesman, Eche Idoko, CORAN said the ongoing crisis in the Middle East had delivered a mixed outcome for Nigeria, noting that while higher crude prices had increased the pump prices of petroleum products, national revenues had also risen.
“The ongoing crisis in the Middle East has delivered a mixed blessing for Nigeria. While the global surge in crude oil prices has…For more, Read Full Original Post; Read Complete Original.
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